Tapestry Inc’s recently made public that its CEO and Brand President, Coach Kahn Todd unloaded Company’s shares for reported $1.8 million on Feb 26 ’25. In the deal valued at $85.41 per share,21,107 shares were sold. As a result of this transaction, Kahn Todd now holds 155,878 shares worth roughly $13.32 million.
Then, Kahn Todd sold 21,107 shares, generating $1,772,988 in total proceeds. Upon selling the shares at $84.00, the CEO and Brand President, Coach now owns 176,985 shares.
Before that, Leonard Todd Kahn bought 24,050 shares. Tapestry Inc shares valued at $2,020,922 were divested by the Officer at a price of $84.03 per share.
Redburn Atlantic upgraded its Tapestry Inc [TPR] rating to a Buy from a a Neutral in a research note published recently. Barclays also remained covering TPR and has increased its forecast on January 08, 2025 with a “an Overweight” recommendation from previously “an Equal weight” rating. Jefferies revised its rating on December 19, 2024. It rated TPR as “a Buy” which previously was an “a Hold”.
Price Performance Review of TPR
On Friday, Tapestry Inc [NYSE:TPR] saw its stock jump 1.32% to $85.42. Over the last five days, the stock has gained 0.98%. Tapestry Inc shares have risen nearly 30.75% since the year began. Nevertheless, the stocks have risen 79.72% over the past one year. While a 52-week high of $90.85 was reached on 02/18/25, a 52-week low of $35.23 was recorded on 01/13/25. SMA at 50 days reached $73.96, while 200 days put it at $52.60.
Levels Of Support And Resistance For TPR Stock
The 24-hour chart illustrates a support level at 84.04, which if violated will result in even more drops to 82.67. On the upside, there is a resistance level at 86.24. A further resistance level may holdings at 87.06. The Relative Strength Index (RSI) on the 14-day chart is 61.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.41%. Stochastics %K at 56.67% indicates the stock is a holding.
